Redstone Federal Credit Union

Securities and advisory services are offered through LPL Financial (LPL), a registered investment advisor and broker-dealer (member FINRA/SIPC). Insurance products are offered through LPL or its licensed affiliates. Redstone Federal Credit Union ® (RFCU ® ) and Redstone Brokerage Services (RBS) are not registered as a broker-dealer or investment advisor. Registered representatives of LPL offer products and services using Redstone Brokerage Services and may also be employees of RFCU ® . These products and services are being offered through LPL or its affiliates, which are separate entities from, and not affiliates of, RFCU ® or RBS. Securities and insurance offered through LPL or its affiliates are: Not Insured by NCUA or Any Other Government Agency Not Credit Union Guaranteed Not Credit Union Deposits or Obligations May Lose Value r e d f c u.o r g | 9 R E D S T O N E B R O K E R A G E S E RV I C E S Maximize Your 401(k) Benefits Are you aware of the strategies for maximizing your 401(k) benefits? If not, you could be missing out on tax advantages, compounding interest, a possible employer match, and greater financial freedom in retirement. Let's look at the best ways to leverage this account: • Start early. Don't delay contributing and give up valuable compounding interest – that's interest on the money you've saved and on the interest you've already earned! Plus, a 401(k) allows you to defer paying income tax on the money you deposit. • Make use of the match. If your employer matches contributions up to a percentage of your pay, contribute at least enough to benefit from those matching funds. • Increase your contributions. Do so slowly over time and with pay raises if needed, until you're saving 15%, a good goal. • Stay till you're vested. Some companies require up to six years of employment before allowing you to take all their 401(k) contributions when you leave. • Don't withdraw funds. If you leave your employer, don't cash out your account. Withdrawing money before age 59½ results in a penalty and income tax on the amount. You can keep the account with your previous employer or use a rollover to move funds to a new retirement plan. • Diversify. e risk of losing money is minimized when you choose a mix of stock and bond funds appropriate for your savings goals and risk tolerance. Avoid changing your strategy frequently, and don't panic when there's a downturn in the economy. • Check the fees. Know how much you're paying. Do your research and ask questions. • Use catch-up contributions. If you're age 50 or above, you're allowed to contribute more to your plan each year than when you're younger. What are the next steps in your retirement planning? Reach out to a Redstone Brokerage Services financial consultant at 256-722-8351. ey can explain your options and help you move closer to your goals. Your Credit Union Redstone Federal Credit Union ® (RFCU ® ) provides referrals to financial professionals of LPL Financial LLC ("LPL") pursuant to an agreement that allows LPL to pay the Financial Institution for these referrals. This creates an incentive for the Financial Institution to make these referrals, resulting in a conflict of interest. The Financial Institution is not a current client of LPL for advisory services. Please visit www.lpl.com/disclosures/is-lpl-relationship-disclosure.html.

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